Brokers Offer Predictions for Cipher Mining FY2027 Earnings

Cipher Mining Inc. (NASDAQ:CIFR) – Equities researchers at HC Wainwright issued their FY2027 EPS estimates for shares of Cipher Mining in a note issued to investors on Tuesday, August 4th. HC Wainwright analyst M. Colonnese forecasts that the company will post earnings of ($0.12) per share for the year. HC Wainwright currently has a “Buy” rating and a $30.00 price target on the stock. The consensus estimate for Cipher Mining’s current full-year earnings is ($0.90) per share.

Cipher Mining (NASDAQ:CIFR) last posted its earnings results on Tuesday, August 4th. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.40). Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%.The company had revenue of $24.84 million for the quarter, compared to the consensus estimate of $31.86 million. During the same period in the previous year, the firm posted ($0.12) EPS.

Several other research firms also recently issued reports on CIFR. Sanford C. Bernstein began coverage on shares of Cipher Mining in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $32.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of Cipher Mining from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday. Needham & Company LLC increased their price target on Cipher Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Morgan Stanley set a $43.50 target price on Cipher Mining in a research report on Thursday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cipher Mining in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cipher Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.61.

Cipher Mining Price Performance

Cipher Mining stock opened at $16.33 on Tuesday. The stock has a 50-day moving average price of $22.79 and a two-hundred day moving average price of $19.12. Cipher Mining has a 12 month low of $4.67 and a 12 month high of $30.14. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 9.69. The company has a market capitalization of $6.78 billion, a PE ratio of -5.71 and a beta of 3.20.

Institutional Investors Weigh In On Cipher Mining

A number of hedge funds have recently modified their holdings of CIFR. HighTower Advisors LLC increased its holdings in shares of Cipher Mining by 16.6% in the fourth quarter. HighTower Advisors LLC now owns 671,775 shares of the company’s stock worth $9,915,000 after purchasing an additional 95,686 shares during the period. Foundations Investment Advisors LLC purchased a new stake in shares of Cipher Mining in the fourth quarter worth $667,000. Purpose Unlimited Inc. bought a new stake in Cipher Mining during the fourth quarter valued at $1,558,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in Cipher Mining during the first quarter worth about $2,188,000. Finally, Tyche Wealth Partners LLC grew its position in Cipher Mining by 119.0% during the fourth quarter. Tyche Wealth Partners LLC now owns 115,000 shares of the company’s stock worth $1,697,000 after buying an additional 62,500 shares in the last quarter. Institutional investors own 12.26% of the company’s stock.

Insider Activity at Cipher Mining

In other Cipher Mining news, CEO Tyler Page sold 112,500 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $21.19, for a total value of $2,383,875.00. Following the completion of the sale, the chief executive officer directly owned 9,084,225 shares of the company’s stock, valued at approximately $192,494,727.75. This represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wesley Hastie Williams sold 14,567 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $21.41, for a total value of $311,879.47. Following the sale, the director directly owned 115,409 shares of the company’s stock, valued at $2,470,906.69. The trade was a 11.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,145,825 shares of company stock valued at $81,741,167 over the last three months. Insiders own 3.09% of the company’s stock.

Cipher Mining Company Profile

Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.

Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.